PSU Watch logo

| PM Modi likely to sign the proposed India-UAE free trade agreement in Dubai in Jan 2022 |   | NMDC announces interim dividend of Rs 9 per equity share |   | IEX shares rise for second day after turning ex-bonus |   | Private investment to pick up: CEA |   | MRPL board approves 100% CCD acquisition from OMPL |  

Due to favourable policy framework, India becoming global investment destination: Nitin Gadkari

Speaking at a virtual event on Thursday Union Minister Nitin Gadkari said the government is committed to providing a favourable policy framework that is being translated in India becoming a global investment destination
India becoming global investment destination: Nitin Gadkari
India becoming global investment destination: Nitin Gadkari

New Delhi: India is becoming a global investment destination and the government is committed to providing a favourable policy framework, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing a virtual event, Gadkari also said to improve last-mile connectivity in remote locations, the road ministry has received proposals for 15 ropeway projects.                

"India is becoming a global investment destination and our government is committed to providing a favourable policy framework," he said.              

Gadkari also sought investments from global pension funds in India's road projects.                  

"We can make logistic parks worth Rs 2 lakh crore along the national highways in 2 years," he said, adding his ministry is working on the second phase of Bharatmala Pariyojana that will go up to 2 lakh km.

ALSO READ

The government envisages building 34,800 kms of highways at a cost of about Rs 5.35 lakh crore under the ambitious Bharatmala Pariyojna Phase I.

Gadkari also said the road ministry is building 350 roadside amenities.  

The minister pointed out that the National Highways Authority of India (NHAI) needs to have a financial arm, where it can form joint ventures with companies like JPMorgan and finance road projects.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)